montmorency

3094, Victoria

Real Estate & Property Information

Median
Price Rank
197

montmorency Suburb Profile & Review

'Monty,' as it is affectionately known by its residents, is a vibrant and traditional area featuring an array of unique cafes, bakeries and beauty salons, and few commercial chain stores. Visitors to the Were Street shopping precinct could be forgiven for thinking they are in a quaint country town. A three-storey high ornamental windmill looms over the area, and mosaic pictures representing scenes from oral histories of the suburb are inlaid in the footpaths.

Eltham, Greensborough, Templestowe and Doncaster are all close by, meaning residents have ready access to larger shopping centres and public transport facilities. Families enjoy proximity to four schools, such as top ranked Montmorency South Primary School.

From Montmorency Station it is a forty-five minute trip to the city, but scenic country areas such as the Kinglake National Park are also only a short drive away. Montmorency adjoins Plenty River and boasts beautiful parks and reserves such as Montmorency Park, which also incorporates playing fields and club facilities for its local football clubs.

montmorency Demographic Data

$ 565,000 Median House Price

32 Minutes Average Commute

39 Median Age

8,759 Population

52.38 % Female

47.62 % Male

2503 NO OF FAMILIES

1.8 AVG CHILDREN PER FAMILY

0.9 AVG MOTOR VEHICLE PER DWELLING

What this means

The following data, without any explanation, is just that, raw data. So in order to help you research the property market, we have outlined what this demographic and real estate information means and how it can be interpreted to help you make a smarter decision when buying or selling your next house or unit in montmorency, Victoria.

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montmorency Demographic Data

The demographic data below has been supplied by the Australian Bureau of Statistics (ABS), which is a government body. It is based on Census data collected every 5 years on the Australian population. Although it is dated 2011, this is the latest data available and should give property investors, property buyers and sellers a very good idea when researching or reviewing their suburb.

It’s important to note when looking at this data that you don’t just use it on its own. Consider this demographic and real estate data as a whole and seek advice from a professional when thinking of buying or selling your next property.

montmorency Median House Prices

  • 2008 $ 420,000
  • 2009 $ 430,100
  • 2010 $ 470,000
  • 2011 $ 571,750
  • 2012 $ 565,000

What this means

Median values are the most accepted measure of property values in the real estate industry in Australia. The median is the midpoint (the middle) figure when all the sold property prices over a particular period of time are ordered from their lowest to their highest value.

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montmorency 5 Year Median House Prices

Here we have outlined the median value for all sales for each year over a period of 5 years. This is a more realistic timeframe when gauging how houses and units in montmorency have performed, and it usually indicates how they will perform in the future.

Median values less than 3 months old are often not always accurate (due to incomplete data) and therefore cannot be relied upon for long-term montmorency property price predictions.

montmorency Market Property Types

  • 82 % Seperate House
  • 13 % Semi Detached
  • 4 % Flat or Unit
  • 0 % Other Dwelling

What this means

The property type in your suburb will help you identify the density of the area. The greater the number of flats, units and apartments, the more likely it is the suburb has a higher density of living and occupants are more reliant on public transport, cafes, restaurants, convenience stores and amenities, infrastructure and less reliant on their own vehicle for transport.

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montmorency Market Property Types

Typically, inner city suburbs within 10km of the CBD are comprised of apartments and semi-detached homes, while middle ring suburbs have semi-detached and detached properties. Rural properties would most likely fall under the “other” category.

This ABS Property Type data combined with Population Density and Family Composition figures gives a good indication of the type of people living in an area and therefore what type of property (1-2 bed apartment or house) would be an ideal investment or property to live in.

montmorency Income & Mortgage Stats

  • $ 1,457 Median Weekly Household Income
  • $ 1,850 Median Monthly Mortgage

What this means

This is one of the most compelling statistics in this section because it has a profound impact on real estate prices. It should always be considered when buying or selling property in montmorency

Experts believe mortgage stress occurs in real estate when property owners are spending over 30% of their gross income on their mortgage repayments. These figures show weekly income and monthly mortgages.

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montmorency Income & Mortgage Stats

To calculate the percentage of income paid towards a mortgage for the suburb of Melbourne, multiply the mortgage payment (e.g. $2450) by 12 then divide this figure by the weekly income (e.g. $1200) multiplied by 52 (weeks) to look like this ($2450 x12/$1200 x 52) x 100 = 47%

Any figure above 30% usually indicates that the suburb you intend to buy in may have property owners with a high incidence of mortgage stress. In terms of maintaining or growing property values in the future and trying to secure a strong property price when selling, this could have an impact, especially in an economic or local industry downturn.

montmorency Sold Property Prices

montmorency Real Estate Experts

In each suburb we have identified real estate agents who are active local experts. Our goal is to have a network of real estate agents that have been reviewed by previous clients for future buyers and sellers to rely on when making their next property move or even when they just wanting real estate advice.

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montmorency Restaurants

  • Taffys On Looker15 Looker Rd montmorency VIC 309403 9439 5196
  • Na Song Khla Thai Restaurant40 Were St montmorency VIC 309403 9434 4739
  • Monty's NoodlesCnr Were St and Station St montmorency VIC 309403 9432 5551

montmorency Cafes

  • Mudd Cafe & Patisserie12 Were Streetmontmorency VIC 309403 9434 1211
  • Cherry Red61 Were Streetmontmorency VIC 309403 9435 4291
  • The Were Street Food Store30 Were Streetmontmorency VIC 309403 9435 1542

montmorency Schools

  • St. Francis Xavier Primary School90 Mayona Roadmontmorency VIC 3094(03) 9435 8474Catholic Primary School
  • Montmorency Primary School62A Rattray Roadmontmorency VIC 3094(03) 9434 5944State Primary School
  • Montmorency South Primary School64 Buena Vista Drivemontmorency VIC 3094(03) 9439 6201State Primary School

montmorency Childcare

  • Montmorency ELCSherbourne Rdmontmorency VIC 3094

montmorency Kindergarten and Preschools

  • Montmorency Preschool (Class 2)16 Mountain View Roadmontmorency VIC 3094
  • Panorama Heights Preschool3 Mitchell Avenuemontmorency VIC 3094
  • Sherbourne Preschool156 Sherbourne Roadmontmorency VIC 3094

montmorency Sporting Centres and Clubs

  • Montmorencymontmorency VIC 3094Bowling Club
  • Montmorency Tennis Clubmontmorency VIC 3094Tennis Club & Courts
  • St. Francis Xavier T. Clubmontmorency VIC 3094Tennis Club & Courts

Find out How Much your House is Worth in montmorency

Request a free market Basic Report for montmorency to get a general idea of property prices in your area, or a more specific CMA Report for the property you own.

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